Coremax Corp (Taiwan) Price on September 2, 2024
| 4739 Stock | TWD 61.90 0.40 0.64% |
If you're considering investing in Coremax Stock, it is important to understand the factors that can impact its price. As of today, the current price of Coremax Corp stands at 61.90, as last reported on the 27th of November, with the highest price reaching 63.00 and the lowest price hitting 61.70 during the day. At this stage we consider Coremax Stock to be very steady. Coremax Corp secures Sharpe Ratio (or Efficiency) of 0.0174, which signifies that the company had a 0.0174% return per unit of risk over the last 3 months. We have found thirty technical indicators for Coremax Corp, which you can use to evaluate the volatility of the firm. Please confirm Coremax Corp's Mean Deviation of 1.38, downside deviation of 1.73, and Risk Adjusted Performance of 0.0134 to double-check if the risk estimate we provide is consistent with the expected return of 0.0315%.
Coremax Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Coremax |
Sharpe Ratio = 0.0174
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| Negative Returns | 4739 |
Estimated Market Risk
| 1.8 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average Coremax Corp is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Coremax Corp by adding it to a well-diversified portfolio.
Coremax Corp Valuation on September 2, 2024
It is possible to determine the worth of Coremax Corp on a given historical date. On September 2, 2024 Coremax was worth 63.8 at the beginning of the trading date compared to the closed value of 61.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Coremax Corp stock. Still, in general, we apply an absolute valuation method to find Coremax Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Coremax Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Coremax Corp's related companies.
| Open | High | Low | Close | Volume | |
| 61.80 | 63.60 | 61.60 | 63.00 | 333,184 | |
09/02/2024 | 63.80 | 63.80 | 61.80 | 61.80 | 137,024 |
| 62.10 | 62.60 | 60.50 | 60.50 | 158,271 |
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Coremax Corp Trading Date Momentum on September 2, 2024
| On September 03 2024 Coremax Corp was traded for 60.50 at the closing time. The highest price during the trading period was 62.60 and the lowest recorded bid was listed for 60.50 . The volume for the day was 158.3 K. This history from September 3, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 2.10% . The overall trading delta to the current price is 7.77% . |
Coremax Corp Fundamentals Correlations and Trends
By evaluating Coremax Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Coremax Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Coremax financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Coremax Corp Stock history
Coremax Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Coremax is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Coremax Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Coremax Corp stock prices may prove useful in developing a viable investing in Coremax Corp
Coremax Corporation researches, develops, produces, manufactures, and sells metal-based specialty chemicals and electronic materials in Taiwan, China, and Thailand. The company was founded in 1992 and is headquartered in Hsinchu City, Taiwan. COREMAX CORPORATION operates under Specialty Chemicals classification in Taiwan and is traded on Taiwan Stock Exchange.
Coremax Corp Stock Technical Analysis
Coremax Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Coremax Corp Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
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Coremax Corp November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Coremax Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Coremax Corp shares will generate the highest return on investment. By undertsting and applying Coremax Corp stock market strength indicators, traders can identify Coremax Corp entry and exit signals to maximize returns
Coremax Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Coremax Corp's price direction in advance. Along with the technical and fundamental analysis of Coremax Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Coremax to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.024 |
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Additional Tools for Coremax Stock Analysis
When running Coremax Corp's price analysis, check to measure Coremax Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coremax Corp is operating at the current time. Most of Coremax Corp's value examination focuses on studying past and present price action to predict the probability of Coremax Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coremax Corp's price. Additionally, you may evaluate how the addition of Coremax Corp to your portfolios can decrease your overall portfolio volatility.